Qualified Appraisal Reviews with Appraise Colorado Inc
According to an announcement by the Federal Reserve, "financial institutions must have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers performing reviews must "have the proficiency and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." Appraise Colorado Inc provides appraisal review services that are impartial, qualified, professional and compliant with the Federal Reserve's guidelines.
If you need a real estate appraisal review or have questions about an appraisal, contact Appraise Colorado Inc today.
As stated by the Federal Reserve, appraisal reviews "should verify whether the appraisal or evaluation is well-suited for the transaction, the risk of the transaction, and whether the procedures by which the collateral valuation is attained ensures independence and quality." They "must also signify whether the appraisal or evaluation report is even with the engagement letter, which sets forth the range of the appraisal assignment." The Federal Reserve also states that "some banks supplement periodic reviews with post-funding evaluations of appraisal quality for a few of their higher-liability or high-value dealings as a control to help in uncovering valuation concerns."
In addition to tailoring our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we will formulate an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Appraise Colorado Inc, we're trained in every kind of appraisal review, review practice and the requirements of review appraisers.
We know what the most common imperfections are, specifically in our real estate market. We also understand what makes a quality appraisal. We're also sufficiently trained to know that the competitors in our market are capable of a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on us to objectively review appraisal reports executed by others. And those others may be evaluating our work, too!
At Appraise Colorado Inc, you can be sure of our honest judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact Appraise Colorado Inc for more information regarding our qualifications, expertise and services offered.